Short Interest in Power Co. of Canada (OTCMKTS:PWCDF) Increases By 83.0%

Power Co. of Canada (OTCMKTS:PWCDF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 18,187,800 shares, an increase of 83.0% from the March 15th total of 9,936,000 shares. Based on an average trading volume of 109,400 shares, the short-interest ratio is presently 166.3 days.

Power Co. of Canada Price Performance

Shares of PWCDF traded down $0.19 during mid-day trading on Friday, hitting $36.04. 57,778 shares of the company’s stock were exchanged, compared to its average volume of 77,073. Power Co. of Canada has a fifty-two week low of $25.51 and a fifty-two week high of $36.78. The business’s 50 day moving average is $34.54 and its two-hundred day moving average is $32.76.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PWCDF. Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, March 21st. National Bankshares restated a “sector perform” rating on shares of Power Co. of Canada in a research report on Monday, February 3rd.

Power Co. of Canada Company Profile

Power Corporation of Canada, an international management and holding company, offers financial services in North America, Europe, and Asia. It operates through Lifeco, IGM Financial, and GBL segments. The company offers life, health and dental, disability, critical illness, and creditor insurance; accidental death and dismemberment; retirement savings and income and annuity products; and life assurance, pension, and investment products to individuals and small business owners.